Starting next year, there will be new and stringent data protection laws in place in the European Union (“EU”) and the European Economic Area (“EEA”) – laws which may have a material impact on business located in the United States. Effective as of May 25, 2018, the new General Data Protection Regulation (“GDPR”) will apply to processing of personal data relating to individuals who are in the EU/EEA and in connection with activities in the EU/EEA, or in connection with monito

While many businesses believe that they have adequate procedures in place to protect their own confidential information or that of their clients/customers, most do not. Rather, they merely have a section in their employee handbook on confidentiality, and maybe require their employees to sign confidentiality or non-disclosure agreements. Generally, such provisions are not sufficient to protect a company’s confidential and proprietary information, nor to effectively minimize

There was a time when law firms could rely on their well-trained staff to file pleadings with courts simply by affixing a stamp and sealing an envelope. That time has passed. Mandatory “e-filing” for law firms has ushered in a new era where point and click dominate. To those seasoned practitioners who spent their early years Shepardizing by hand, it is a brave new world. Unfortunately, this technology is not a panacea that cures all ills. New York courts at both the state

We are often asked to provide an explanation as to the different types of non-cash compensation that are traditionally granted to employees of a company. The following provides a high level summary. OUTRIGHT EQUITY GRANT Ownership: Outright ownership fully vested as of the date of grant. Can be subject to claw back (i.e., repurchase) by the company pursuant to the terms of the Operating Agreement. Voting: Has full voting rights. Allocated Share of Profit/Loss: Pro rata ri

On July 1, 2018, the Diane B. Allen New Jersey Equal Pay Act will go into effect. If you have employees, you need to know about this important new law and what it might mean for you and your business. For more information please read Lauren Paxton's Article: Equal Pay Act - Just the FAQs For additional information, please contact Lauren at lpaxton@olenderfeldman.com or 908-964-2453. Lauren works closely with Howard Matalon, a partner at the Firm, who specializes in employm

News of protests among the 33,000 Toys R Us employees impacted by the retail giant’s bankruptcy grabbed headlines last week. The Wayne, New Jersey-based institution announced the immediate closure of nearly 200 stores upon filing for bankruptcy last fall, and liquidation sales at the remaining 700+ stores are well underway. Employees are outraged by their lack of severance pay, particularly when the executives received millions in retention bonuses on the eve of the bankruptc

New Jersey regulators have signaled their intention to place independent contractor (“IC”) relationships under a magnifying glass this year. Governor Murphy recently signed an executive order establishing a Task Force on Employee Misclassification, through which representatives from the Departments of Agriculture, Economic Development, Human Services, Transportation, Treasury, and the Attorney General’s Office have been collaborating with the Department of Labor to investiga

Two warnings: First, this is a complicated topic and one that is very challenging to distill into easily digestible concepts. This article is intended to be a cursory summary and not a detailed analysis of everything you need to know. Make sure to get advice from qualified professionals; Second, tax laws and the tax treatment of tokens are evolving and what might (and I mean might) be the tax outcome today may not be the tax outcome in the future. Finally, the analysis to de

All New York State Employers. Effective October 9, 2018, all New York State employers must implement sexual harassment policies and training. Highlights from recent draft guidance issued by the State, which will be subject to public comment through September 12, 2018, are as follows: Policy Requirements (Eff. Oct. 9. 2018): Content of Policies - Sexual harassment policies must include, among other things: Examples and explanations of sexual harassment; Information regarding